$1,191,914Average Value$684Average Price per Sq Ft88Homes For Sale
A hub for students, professionals, foodies and outdoor enthusiasts
Located about halfway between Los Angeles and San Francisco, San Luis Obispo is at the heart of California’s scenic Central Coast. Nicknamed "SLO," this metropolitan center of roughly 50,000 residents has a laid-back vibe with a small-town sense of community. "You have people who are a little bit more progressive, and you have people who are a little bit more conservative, but we don’t concentrate on our differences," says resident Tim Townley, a Realtor with Comet Realty. “We fix the problems that we see together, and we get along with each other. You don't see that in a lot of big city environments.”
San Luis Obispo's modern history is rooted in the 1772 establishment of the Mission San Luis Obispo de Tolosa and the late 19th-century arrival of the Pacific Coast Railway, which enabled the city to become an agricultural hub. Today SLO is best known as home to California Polytechnic State University (known locally as Cal Poly) and Cuesta College, both of which attract a regular influx of students. “This keeps the town young and active," says resident Steve Delmartini, a Realtor with Compass, "and makes the downtown especially vibrant.” Tourist draws include SLO's walkable downtown, with its lively shopping and dining scene, and the kitschy Madonna Inn. The city enjoys a mild year-round climate, and residents have easy access to local parks, hiking trails and the popular Avila Beach, which is about 10 miles away on the coast.
High demand and limited inventory with a shortage of affordable housing
As of early 2025, SLO’s median home price is nearly $1 million, up 4% since early 2024; comparatively, the national median is about $410,000 and California's is about $853,000. The housing market here is dominated by single-family homes from the mid-20th century, set along established suburban streets. The city's oldest homes, a mix of late 19th-century Victorian-era styles and early 20th-century bungalows, are found in and near Downtown San Luis Obispo , amid some 21st-century townhouses and condos. Since the early 2020s, developments of single-family houses and townhomes have been popping up along the city's outskirts, in neighborhoods like San Luis Ranch , Orcutt and Cuesta Park .
This new construction represents a major change for San Luis Obispo, which long faced city zoning restrictions and community opposition to growth, despite a steadily increasing local population. “We didn’t build anything in SLO for about 15 years, but that all changed in the 2010s," Delmartini says. "Since then, we’ve had the most growth that we’ve had." The city still struggles with a general lack of area-affordable housing, but it's set a goal to build over 1,600 new affordable housing units and reduce homelessness by 50% by 2027. In the meantime, says LeeAnne Fisher, a SLO resident and broker associate with Compass, many local homeowners have added accessory dwelling units (ADUs) to their properties for renters, and some downtown office buildings have been converted into live-work spaces.
A row of Brownstone homes are walking distance from Downtown San Luis Obispo.
Stoneridge has many two-story homes for your family to choose from if you're in the market.
This row of newly built homes sits on a hill, offering mountain views in San Luis Obispo.
If you're shopping for the perfect bungalow, look no further than the Woodland Dr neighborhood.
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A bustling downtown epicenter with locally owned restaurants and shops
Chain retailers, grocery stores and fast-food restaurants can be found throughout San Luis Obispo, but in order to cut down on pollution from idling cars, the city doesn't allow drive-throughs. The walkable streets of downtown SLO are lined with locally owned eateries, bars and coffee shops, many with dog-friendly patios that are lively throughout the year. “It’s almost Europe,” says Townley. Downtown shopping is a mix of locally owned boutiques and national chains. Downtown is also home to several museums and performing arts theaters, and on the Cal Poly campus, the Performing Arts Center San Luis Obispo stages national and international touring acts.
A couple of Downtown San Luis Obispo friends look through vinyl at Boo Boo Records.
Santa Rosa residents enjoy an ice cream in downtown SLO.
Finny's Crafthouse and Kitchen is a popular dinner spot in downtown San Luis Obispo.
Billygoat Acres residents enjoy shopping at their nearby Target store.
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A huge weekly farmers market and regular events at Mission Plaza
Every Thursday evening, thousands of Central Coast residents flock to downtown SLO for its famous farmers market. Spanning five blocks, the market features live music, fresh produce and local artisans, as well as food vendors preparing the city’s famous tri-tip sandwiches. Also downtown, the creek-side Mission Plaza is a central gathering place, hosting tons of events throughout the year. Concerts in the Plaza, the Central Coast's largest free concert series, is held here on Friday evenings during the summer, with food trucks and local acts in a variety of genres. As of early 2025, the plaza is about to undergo a nearly $6 million makeover, which will add a café kiosk with outdoor seating and restore the historic Murray Adobe; this project is slated for completion by late 2025.
Highland residents can get their fresh fruits and veggies at the weekly SLO Farmers Market.
Concerts in the Plaza is an annual event held every Friday evening for 12 weeks in downtown SLO.
The weekly Downtown SLO Farmers' Market brings out all the musical talent.
Enjoy a life-sized game of pong on the side court at Krobar Distillery.
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Popular community parks plus open space and mountain hiking
SLO’s many community parks include tennis and pickleball courts, playgrounds and playing fields like the one at Sinsheimer Park in the Johnson neighborhood. Sinsheimer is where the San Luis Obispo Blues collegiate baseball team plays weekly summer games. The city is surrounded by a chain of volcanic mountain peaks known as the Nine Sisters, most of which have popular hiking trails; the 4-mile roundtrip hike to the top of Bishop Peak, the tallest of the Nine Sisters, offers sweeping views of the city and nearby coastal ranges. Irish Hills Natural Reserve, by Billygoat Acres , and Ferrini Ranch Open Space, adjacent to Highland , each have miles of hiking trails through the hilly terrain. Cerro San Luis, known among locals as “Madonna Mountain,” features the “M” Trail, marked by a large white "M" that overlooks the city; each year, the paint on this giant letter is refreshed by the incoming freshman class at Mission College Preparatory Catholic High School.
A couple of Bishops Knoll friends enjoy walking their dog along the Cerro San Luis trail.
Sinsheimer Park is a great place to play sports and/or escape from it all.
A Billygoat Acres couple start their morning walk at the trailhead of the Irish Hills.
Horse riders enjoy the trails from Highland to Bishop Peak.
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Top-rated public and private schools feed into Cuesta College and Cal Poly
The San Luis Coastal Unified School District receives an overall A rating from Niche, which names it the best school district in San Luis Obispo County. The district serves about 7,500 students across its 10 elementary, two middle and three high schools. San Luis Obispo private schools include the A-plus-rated Mission College Preparatory Catholic High, which Niche names best private school in San Luis Obispo County.
Cuesta College offers over 80 associate degree programs and offers dual enrollment classes for local high school students. Cuesta is one the largest feeder schools for Cal Poly, which has about 22,000 students and offers over 60 undergraduate and 50 graduate programs across six colleges. Cal Poly is especially known for its agriculture and engineering programs, and the university has been named the best public institution in the West for 32 years in a row by U.S. News & World Report.
Mission College Preparatory Catholic High School helps students achieve higher education.
Cal Poly State University is near Santa Rosa, making it an ideal area for your college student.
San Luis Obispo High School students are very proud to be called tigers.
Students who graduate from Laguna Middle School can move on to higher education.
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An exceptionally bike-, pedestrian- and commuter-friendly community
“Bikeability and walkability in SLO is huge,” Delmartini says. “We have so many bike lanes.” It's easy to get around downtown by bike or on foot, but there are no parking structures. “If you're planning on driving downtown, you need to learn how to parallel park,” says resident Susie Brans, a broker associate with Richardson Sotheby’s International Realty. Recent bike-lane expansion projects throughout the city, as well as the addition of protective concrete medians, have made street parking even more difficult to come by. “It’s good for the bikers, but bad for the homeowners that want parking,” Townley says.
San Luis Obispo sits at the junction of Highway 1 and U.S Route 101, locally known as the 1 and the 101; both allow for convenient, if occasionally congested commutes to hubs along the coast. SLO Transit bus stops connect residents to stops throughout the city, and the downtown Amtrak station serves the Pacific Surfliner, which travels the Southern California coast. The small San Luis Obispo County Airport offers nonstop flights to cities throughout the West on Alaskan, American or United airlines.
Risk of crime, drought and wildfires
According to FBI data, the average rates of violent and property crime in San Luis Obispo are higher than national and state averages. However, per the San Luis Obispo Police Department’s annual report, violent crime decreased by 7% between 2022 and 2023, while property crime fell by 27%. Most of the city’s crime happens in the tourist-congested downtown, but local police regularly patrol this area. The Cal Poly Police Department patrols the campus.
While SLO is at a relatively high risk of wildfires, its proximity to the coast results in cooler temperatures and higher moisture than many other parts of the state. Cal Fire, which has four stations in the city, mitigates risk by removing fuel sources like dry brush, dead trees and leaves through controlled burning. “We only really started getting rain in about 2023, and we’re still not getting enough,” says resident Kim Conti DeGroot, principal broker and owner at Kimberly's Global Real Estate. “We're technically out of a drought in our county, but it’s borderline. So as part of our disclosures, I always say to be aware that there's a drought.”
Written By
Lauren Schott
Photography Contributed By
Mark Huddleston
Video By
Bradley K Cornelius
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Agents Specializing in this Area
Deborah Brooks
Berkshire Hathaway HomeServices California Properties
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On average, homes in San Luis Obispo, CA sell after 36 days on the market compared to the national average of 52 days. The median sale price for homes in San Luis Obispo, CA over the last 12 months is $1,085,000, up 6% from the median home sale price over the previous 12 months.
Welcome to a home that feels just right, where a touch of fresh paint signals a crisp, clean start. Built in 2021, this immaculate, better-than-new 3-bedroom, 2.5 bath, 1,598 square foot home showcases modern design and sweeping mountain vistas from the Cuesta Grade to Edna Valley. Experience sun-drenched mornings on the main level featuring airy ceilings, luxury vinyl plank flooring, a stylish
Kim San JuleRichardson Sotheby's International Realty
Welcome to 880 Buchon Street, a beautifully renovated 2 bedroom 2 bathroom historic home with modern upgrades and timeless charm in the heart of San Luis Obispo. Originally built around 1898-early 1900s, this home boasts a fascinating history, having been owned by notable local figures, including P.B. Cowdery and Coach Robert Punches. Its unique character is complemented by its place on the
What? A THREE-bedroom home in one of the most spectacular parks around? Yes, it’s true — and it’s ready for you with a NEW PRICE REDUCTION! Seller is motivated so don't miss this opportunity! Nearly 1,600 square feet of bright, airy living space welcomes you with a glorious open kitchen featuring an island, a separate dining room, and three generously sized bedrooms. Cathedral ceilings,
Welcome to this Beautiful Fairly New, Modern Farmhouse in San Luis Obispo. Located in the Righetti Ranch Community. Walk-in to this Turnkey, Newly Built Home in 2022; Featuring 3 bedrooms, 2.5 Bathrooms. Open Floor Plan with Luxury Laminate Wood Flooring, Recessed Lighting throughout, Tankless Water Heater. Open Living Room connects to the Dining Area and Beautiful Open Kitchen with Quartz
Central Coast Dream HomeLocation, Location, Location! Brand New Home, never lived in. This 2 Bedroom 2 Bath with a den is located just minutes from stunning beaches, vineyards, hiking and bike paths. It features a fresh open floor plan with plenty of windows giving a light and bright interior. The kitchen has a spacious island, cabinets galore, beautiful countertops, moving down the hall is
Quaint Home in sought after CommunityBrand New Home, never lived in. This 2 Bedroom 2 Bath Bradford home is located just minutes from stunning beaches, vineyards, hiking and bike paths. It features an open floor plan with an island kitchen, pot and pan drawers. The master bedroom features a walk-in closet, master bath has dual sinks and tub shower. The second bedroom has a large walk-in
Student Living Made Easy at The SLO Apartments! Whether you're currently enrolled or planning to attend Cal Poly SLO or Cuesta College, finding the perfect student housing is simple at The SLO! Just a short walk from Cal Poly’s campus and a quick drive to Cuesta, our community offers unbeatable convenience, comfort, and style. We offer modern amenities, fully furnished rooms, and a variety of
A beautifully renovated, single-level 3-bedroom, two-bath 2 car garage residence nestled in the vibrant Los Verdes community of San Luis Obispo. With thoughtful modern enhancements and an unbeatable location, this home seamlessly combines style and convenience for comfortable living.This property has been meticulously updated, featuring a brand-new kitchen equipped with premium appliances for
Kim Conti DeGrootKimberly's Global Real Estate Corp
LIMITED TIME OFFER: 1-Month Free* (*Call Now for Details)Welcome to Artisan Apartments — where luxury living meets downtown charm. Enjoy modern amenities like stainless steel appliances, HVAC, and in-unit laundry, all in the heart of San Luis Obispo. Take in stunning downtown and mountain views from your private balcony, and step out your back door into the Creamery Marketplace for
Located 3 miles southwest of downtown San Luis Obispo, suburban Billygoat Acres is bordered west by the sprawling Irish Hills Natural Reserve. "Here you have close proximity to hiking trails, shopping and dining, with easy access to the 101 freeway,” says area resident Jeannie Pleasant, an agent with San Luis Bay Realty. “You’re close to everything.” Set on the city's far west side, the neighborhood is 14 miles inland from the Pacific Ocean. “It’s cooler here and has a little bit more of a breeze than the traditional in-town San Luis Obispo neighborhood,” says city resident Lindsey Harn, a Realtor with Christie’s International Real Estate Sereno. About a mile west of Billygoat Acres, the small, public Laguna Lake is a popular spot for kayaking, paddleboarding and more.
The 720-acre Irish Hills Natural Reserve is just west, offering nearly 10 miles of hiking and biking trails that are accessible from neighborhood trailheads. One of these, the Irish Hills Trailhead, is found in the neighborhood's DeVaul Park, which also has a playground and basketball court. On the neighborhood’s northeast side, the public,10-hole Laguna Lake Municipal Golf Course is next door to the Kiwanis Centennial Community Garden, where residents can rent plots to grow flowers and veggies. Less than 2 miles east, Laguna Lake is popular with kayakers and paddleboarders, and the adjacent Laguna Lake Park as a disc golf course, a playground and a sand volleyball court, as well as a large barbeque area with plenty of picnic tables. Residents can walk their dogs along the park's 2-mile walking trail or let them play off-leash at the large dog park.
The closest shopping and dining is found along the major throughfares of Los Osos Valley Road and Madonna Road. Southeast, at the intersection of both, the Laguna Village Shopping Center has a Grocery Outlet and a CVS, as well as locally owned eateries like Laguna Grill, a sports bar that serves burgers and brews, and Sushiya, which offers sushi rolls and teppanyaki-style cuisine. Also here, Nautical Bean serves up specialty lattes and baked goods. Within a mile of the neighborhood, residents can find Target, Whole Foods Market and Costco Wholesale, as well as retailers like Nordstrom Rack and restaurants like Olive Garden.
“Billygoat Acres tends to be a little bit more affordable than some of the other areas of San Luis Obispo,” Harn says. “You can still get a home here for under $1 million.” Most local homes are ranch-style houses from the 1970s and '80s, many with Spanish-style details like clay-tiled roofs and stucco exteriors. In the neighborhood’s southwest corner, though, the De Tolosa Ranch subdivision is made up of one- and two-story new traditional homes from the early 2000s. According to Pleasant, prices for both of these home styles start at around $800,000, and larger homes with views of the Irish Hills can go up to $1.4 million. On the neighborhood’s north end, the manufactured homes of Laguna Lake Mobile Home Estates start at $250,000 for modest units, and range to $450,000 for larger units with upgrades.
The neighborhood is zoned for San Luis Coastal Unified School District, which Niche rates an overall A and names as San Luis Obispo County’s top school district. Local kids can start school at C.L. Smith Elementary, rated a B-plus, and continue to the A-rated Laguna Middle; both are set just east, near Laguna Lake. At San Luis Obispo High, also rated an A, students can take career courses in fields ranging from agriculture to arts, media and entertainment.
Each July, Laguna Lake Park hosts the Central Coast Renaissance Festival, a two-day event with Elizabethan music, battle reenactments and falconry shows. Events in Downtown San Luis Obispo include the Downtown SLO Farmers Market on Thursday evenings, and Mission Plaza’s Music in the Plaza — the Central Coast’s largest free concert series — held on Fridays during the summer.
Highway 101 is about a mile east, leading 3 miles northeast to Downtown San Luis Obispo. Billygoat Acres is bordered by two major thoroughfares, Los Osos Valley Road to the east and Madonna Road to the south; both are lined with SLO Transit bus stops. Dignity Health’s French Hospital Medical Center about 4 miles northeast near downtown, and the San Luis Obispo County Regional Airport is about 5 miles southeast, with nonstop flights to hubs throughout the West.
About 1 mile northwest of Downtown San Luis Obispo, suburban Bishops Knoll offers a convenient location for residents looking to be close to downtown restaurants, retailers and events, as well as California Polytechnic State University, located 1 mile northeast. “A lot of people live in the neighborhood who want to be able to bike to the university, whether they work there or attend school,” says San Luis Obispo resident Lindsey Harn, a Realtor with Christie’s International Real Estate Sereno. In addition to being a popular home base for university students and employees living off-campus, Bishops Knoll is home to many families with young children and outdoor enthusiasts of all ages. “You’re close to really highly rated elementary schools, and you have great access to hiking at Bishops Peak and Cerro San Luis,” says area resident Susie Brans, a broker associate at Richardson Sotheby’s International Realty. Harn also adds that the neighborhood is desirable among San Luis Obispo residents looking for easy access to the coast about 10 miles west, particularly surfers who frequent Los Osos.
Residents in Bishops Knoll have access to hiking trails at both Bishop Peak to the north and Cerro San Luis to the south, known locally as Madonna Mountain. There are several trailheads for each throughout the area. The 4-mile hike to Bishop Peak can be accessed from the trailhead on Foothill Boulevard on the neighborhood's west side, and the 4-mile hike to the summit of Madonna Mountain can be accessed from the Rock Garden Trailhead off Serrano Drive on the neighborhood’s south end. Both peaks offer panoramic views of San Luis Obispo from an elevation of over 1,200 feet. Just east of Highway 1, Santa Rosa Park has a large playground for kids, as well as a softball field and multipurpose fields for football and soccer. The park is also home to a skate park and a rink for in-line and roller skating.
Locals can pick up groceries at California Fresh Market in the neighborhood’s northeast corner on Foothill Boulevard. This half mile stretch of Foothill Boulevard from the grocery store to Highway 1 to the east is also home to a variety of locally owned eateries. Raku Ramen is a local favorite for Japanese fare, while Milestone Tavern is a go-to for brews and bar bites. Residents can stop in for a specialty latte and a scone at Scout Coffee, and those with a sweet tooth can pay a visit anytime of the day or night to SloDoCo Donuts, which has plenty of vegan and gluten free options. Retail shopping can be found a mile away in Downtown San Luis Obispo, where retailers like Anthropologie, Urban Outfitters and Banana Republic have storefronts. Downtown is also home to locally owned boutiques like Pippa & Ky for women’s clothing and accessories, and Finders Keepers for secondhand treasures.
Homes in Bishops Knoll date back to the mid 20th century. "It’s a more established neighborhood, so it’s a lot of post-war homes,” Harn says. Buyers can primarily find ranch-style homes from throughout the ‘50s and ‘60s, though Brans says that many have been updated and renovated over the years. “Because of the proximity to the campus, there are student rentals scattered throughout the neighborhood in addition to single-family homes,” she says. According to Harn, single-family homes start at around $800,000 and range to about $1.5 million. “Prices largely depend on lot size, mountain views and construction quality,” she says. "Entry level homes are kind of in the flatland area and then up a little further in elevation, homes tend to be a little bit bigger with better views.”
The neighborhood is zoned for San Luis Coastal Unified School District, Niche’s pick for the county’s top school district, earning an overall A rating. While most students attend the A-minus-rated Bishop’s Peak Elementary, they may also attend the B-minus-rated Pacheco Elementary, a Spanish-immersion school with a lottery-based admissions system; both schools are just north. From there, students can attend the A-rated Laguna Middle followed by the A-rated San Luis Obispo High, where they can enroll in career and technical education courses in fields ranging from building and construction to fashion and interior design.
Residents are a short drive away from popular downtown events, museums and performing arts venues. Every Thursday evening, the Downtown SLO Farmers Market hosts produce and craft vendor booths, which attendees can browse while enjoying live music and cuisine from local food trucks. During the summer months on Friday evenings, downtown’s Mission Plaza hosts music acts of all genres at Music in the Plaza, the Central Coasts largest free concert series. Residents can also check out the permanent and rotating exhibits featuring work from regional artists at the downtown San Luis Obispo Museum of Art, or catch an intimate music or comedy show at the Fremont Theatre. Residents can also catch touring music acts and plays at the larger San Luis Obispo Performing Arts Center on Cal Poly’s campus.
Residents in Bishops Knoll can easily bike to campus or downtown. When commuting further distances, Highway 1 is just east of the neighborhood and leads to Highway 101 about a mile south. Highway 1 is lined with SLO Transit bus stops, along with Foothill Boulevard which borders the neighborhood to the north. Adventist Health Sierra Vista is just east of the neighborhood on the other side of Highway 1. With nonstop flights to major hubs throughout the west, the San Luis Obispo County Regional Airport is about 5 miles southeast on State Route 227, known locally as Broad Street.
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.